UPDATE2-Thomson Reuters operating profit down, trading pressured

Fri Nov 2, 2012 12:58pm EDT
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* Underlying operating profit falls 15 percent on lower margins

* Third-quarter revenue meets expectations

* Company reiterates full-year outlook

By Jennifer Saba

Nov 2 (Reuters) - Thomson Reuters Corp reported on Friday a 15 percent fall in operating profit because of declining revenue and higher costs at its division that serves the financial industry.

The slip in profit in the third quarter underscored the problems facing some of Thomson Reuters' clients, such as banks and brokerages that are reducing staff and trimming costs to cope with increased regulation and the struggling global economy.

This business climate is leading the global news and information provider to keep a tight grip on costs while at the same time invest in customer service for its flagship financial product Eikon.

Thomson Reuters reaffirmed its 2012 forecast, due in part to growth in its Legal, Governance, Risk & Compliance, and Tax & Accounting divisions, which rose 1 percent, 17 percent and 8 percent, respectively.   Continued...